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Once the preparing in the trial stability, revenue statement and final accounts is prepared for your ascertainment of net revenue and property and liabilities stability to the closure of the books.

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Accrual refers back to the Cash flow which has been attained because of the Corporation but hasn't been recorded during the Money Assertion or expenditures which have site here been incurred in the normal system of enterprise but is however to be recorded during the Books of Accounts.

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